Law360, New York (August 27, 2009, 2:43 PM ET) -- The House of Lords has overturned a decision of the Court of Appeal in February last year, which had effectively allowed Lexington Insurance Co. to recover pollution claims for which it was found liable under Pennsylvania law, even though the damage occurred outside the applicable policy period.
Facts
Lexington insured Alcoa Inc. in respect of loss or damage to property from noon on July 1, 1977, until noon on July 1, 1980.
Wasa and AGF provided facultative reinsurance to Lexington in respect of all risks of...
The House Of Lords Stance In Wasa V. Lexington
To view the full article, take a free trial now.
